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NYSE: HD
Home Depot Inc Stock Forecast, Predictions & Price Target

Analyst price target for HD

Based on 20 analysts offering 12 month price targets for Home Depot Inc.
Min Forecast
$299.00-7.57%
Avg Forecast
$342.00+5.72%
Max Forecast
$384.00+18.7%

Should I buy or sell HD stock?

Based on 20 analysts offering ratings for Home Depot Inc.
Buy
Strong Buy
9 analysts 45%
Buy
2 analysts 10%
Hold
9 analysts 45%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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HD stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2023-11-15
lockedlocked$00.00+00.00%2023-11-15Find Out Why
lockedlocked$00.00+00.00%2023-11-15
lockedlocked$00.00+00.00%2023-11-15Find Out Why
lockedlocked$00.00+00.00%2023-11-15Find Out Why
Telsey Advisory Group
Top 3%
98
HoldReiterates$325.00+0.46%2023-11-15
Stifel Nicolaus
Top 5%
96
HoldMaintains$306.00-5.41%2023-11-13Find out why
HSBC
Bottom 38%
38
HoldInitiates Coverage On$365.00+12.83%2023-09-22
Evercore ISI Group
Top 18%
83
BuyMaintains$370.00+14.37%2023-09-08
Jefferies
Bottom 10%
10
Strong BuyMaintains$384.00+18.70%2023-08-16

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Forecast return on equity

Is HD forecast to generate an efficient return?
Company
1,155.34%
Industry
844.65%
Market
30.45%
HD's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is HD forecast to generate an efficient return on assets?
Company
21.86%
Industry
15.98%
HD is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

HD earnings per share forecast

What is HD's earnings per share in the next 3 years based on estimates from 16 analysts?
Avg 1 year Forecast
$15.05-3.77%
Avg 2 year Forecast
$15.64+0%
Avg 3 year Forecast
$16.60+6.14%
HD's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

HD revenue forecast

What is HD's revenue in the next 3 years based on estimates from 12 analysts?
Avg 1 year Forecast
$152.4B-0.84%
Avg 2 year Forecast
$154.0B+0.16%
Avg 3 year Forecast
$159.2B+3.56%
HD's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

HD earnings growth forecast

How is HD forecast to perform vs Home Improvement Retail companies and vs the US market?
Company
1.81%
Industry
4.34%
Market
17.93%
HD's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
HD's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
HD's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

HD revenue growth forecast

How is HD forecast to perform vs Home Improvement Retail companies and vs the US market?
Company
1.01%
Industry
0.57%
Market
7.54%
HD's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
HD's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

HD vs Home Improvement Stocks

TickerPricePrice TargetUp/downsideConsensus
HD$323.50$342.00+5.72%Buy
LOW$205.92$240.76+16.92%Buy
FND$97.97$93.73-4.32%Buy
ARHS$9.46$14.43+52.53%Strong Buy
HVT$32.08$41.00+27.81%Strong Buy

Home Depot Stock Forecast FAQ

Is Home Depot Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 20 Wall Street analysts covering (NYSE: HD) stock is to Buy HD stock.

Out of 20 analysts, 9 (45%) are recommending HD as a Strong Buy, 2 (10%) are recommending HD as a Buy, 9 (45%) are recommending HD as a Hold, 0 (0%) are recommending HD as a Sell, and 0 (0%) are recommending HD as a Strong Sell.

If you're new to stock investing, here's how to buy Home Depot stock.

What is HD's earnings growth forecast for 2024-2026?

(NYSE: HD) Home Depot's forecast annual earnings growth rate of 1.81% is not forecast to beat the US Home Improvement Retail industry's average forecast earnings growth rate of 4.34%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 17.93%.

Home Depot's earnings in 2023 is $15,704,000,000.On average, 16 Wall Street analysts forecast HD's earnings for 2024 to be $14,978,690,752, with the lowest HD earnings forecast at $14,859,259,331, and the highest HD earnings forecast at $15,157,837,884. On average, 16 Wall Street analysts forecast HD's earnings for 2025 to be $15,565,895,240, with the lowest HD earnings forecast at $14,839,354,094, and the highest HD earnings forecast at $16,372,057,334.

In 2026, HD is forecast to generate $16,521,346,610 in earnings, with the lowest earnings forecast at $15,904,284,267 and the highest earnings forecast at $17,237,935,138.

What is HD's revenue growth forecast for 2024-2026?

(NYSE: HD) Home Depot's forecast annual revenue growth rate of 1.01% is forecast to beat the US Home Improvement Retail industry's average forecast revenue growth rate of 0.57%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 7.54%.

Home Depot's revenue in 2023 is $153,714,000,000.On average, 12 Wall Street analysts forecast HD's revenue for 2024 to be $151,701,304,626,814, with the lowest HD revenue forecast at $151,319,312,183,207, and the highest HD revenue forecast at $152,318,654,600,767. On average, 12 Wall Street analysts forecast HD's revenue for 2025 to be $153,230,622,981,043, with the lowest HD revenue forecast at $151,010,084,328,276, and the highest HD revenue forecast at $155,306,132,077,902.

In 2026, HD is forecast to generate $158,437,511,479,275 in revenue, with the lowest revenue forecast at $155,504,686,815,780 and the highest revenue forecast at $162,289,386,806,328.

What is HD's forecast return on assets (ROA) for 2024-2026?

(NYSE: HD) forecast ROA is 21.86%, which is higher than the forecast US Home Improvement Retail industry average of 15.98%.

What is HD's Price Target?

According to 20 Wall Street analysts that have issued a 1 year HD price target, the average HD price target is $342.00, with the highest HD stock price forecast at $384.00 and the lowest HD stock price forecast at $299.00.

On average, Wall Street analysts predict that Home Depot's share price could reach $342.00 by Nov 15, 2024. The average Home Depot stock price prediction forecasts a potential upside of 5.72% from the current HD share price of $323.50.

What is HD's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: HD) Home Depot's current Earnings Per Share (EPS) is $15.64. On average, analysts forecast that HD's EPS will be $15.05 for 2024, with the lowest EPS forecast at $14.93, and the highest EPS forecast at $15.23. On average, analysts forecast that HD's EPS will be $15.64 for 2025, with the lowest EPS forecast at $14.91, and the highest EPS forecast at $16.45. In 2026, HD's EPS is forecast to hit $16.60 (min: $15.98, max: $17.32).

What is HD's forecast return on equity (ROE) for 2024-2026?

(NYSE: HD) forecast ROE is 1,155.34%, which is considered strong.
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